A natural monopoly is a distinct type of monopoly that may arise when there are extremely high fixed costs of distribution, such as exist when large-scale infrastructure is required to ensure supply examples of infrastructure include cables and grids for electricity supply, pipelines for gas and water supply, and networks for rail and underground. Get started protect your intellectual property create ip documents and ask a lawyer your questions this article contains general legal information and does not contain legal advice rocket lawyer is not a law firm or a substitute for an attorney or law firm.
Give examples of two different ways that a firm's production capacity might influence a marketing manager's choice of a marketing strategy. An oligopoly consists of a select few companies having significant influence over an industry industries like oil & gas, airline, mass media, auto, and telecom are all examples of oligopolies. Give a good reason and a bad reason that two firms might want to merge antitrust laws firms might want to merge to increase operating efficiency and reduce costs, something that is good for society, or to gain market power, which is bad for society. Oligopoly is the middle ground between monopoly and capitalism an oligopoly is a small group of businesses, two or more, that control the market for a certain product or service an oligopoly is a small group of businesses, two or more, that control the market for a certain product or service.
Give examples of service firms that use the strategy of focus and differentiation and the strategy of focus and overall cost leadership reed college in portland, oregon, is a small private college that is focused primarily on an undergraduate education in liberal arts and sciences. Published: mon, 10 jul 2017 in everyday life we experience the circular flow of income between households and firms if we buy an item in the shop we are doing the circular flow between households and firms. Give an example of two such firms and the reason for their locations 2 explain why so many foreign firms build facilities here in the usa give an example of two such firms and the reason for their locations. Give an example of this in vietnam (100 words) competitiveness is the core key for every business firm to remain in a particular market segment there are too many rivals in the market, although the demand is still high. An example of a service business would be a computer and phone repair store this is a service business because it provides a service, not a tangible product however, the store can provide replacement parts and accessories that fall under product categories, they are still considered service businesses because they primarily sell a service to.
Yes, monopolistic markets are an example of imperfect competition indeed, as much as these are theoretical yardsticks, everything except for perfect competition is, by definition, imperfect competition. A monopoly, as a theoretical economic construct, prevails when barriers to entry exist because one firm can operate at a lower marginal cost than its competitors the barriers can be legal or regulatory, economic, or geographic. The digital firm is a general term for organizations that have enabled core business relationships with employees, customers, suppliers, and other external partners through digital networks. Pick any firm in america, even farmers: all are in markets that fit the model of monopolistic competition it is almost impossible to find an example of a market that does not fit the description of monopolistic competition. Social context is information that highlights a user's friends' connections with a particular brand or business, for example, that a friend liked a product or checked in at a restaurant we believe that users find marketing messages more engaging when they include social context.
In microeconomics, diseconomies of scale are the cost disadvantages that firms and governments accrue due to increase in firm size or output, resulting in production of goods and services at increased per-unit costs. In my university ethics course, we had to present examples of corporate social responsibility one fellow in my group insisted that sony informing its customers that playstation user accout information being hacked was an example of corporate social responsibility. Law firms lawyers help protect businesses by providing their expertise on matters of the law lawyers represent small business clients in malpractice suits, help them with business bankruptcy.
Give an example single seller, barriers to entry, and supplies a unique product - ex) you might think that a convenience store on a highway in the middle of the desert has a monopoly. 1give an example of indivisible inputs for your firm 2discuss the characteristics of a perfectly competitivefirm does your franchise firm share any of these same traits. 1 various legal forms of firms a business firm is an organization under one management set up to make profits for its owners by producing goods or services that can be sold in the market.